Former Terminator and current Governator, sorry, I mean Governor of California, Arnold Schwarzenegger is tipped to be building a luxury pad in Queenstown. It seems he has owned some land near Lake Wakitipu for some time, and must be picking that now's the time to build.
I'm guessing he won't be too worried about current home loan rates in New Zealand I'd be picking that this will be just a "cash job".
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